Is West Los Gatos, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Los Gatos has remained a Seller's Market.
Key Takeaway
West Los Gatos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Los Gatos, CA
How much do homes in West Los Gatos, CA cost?
Median Sold Price
$2,020,000
$1,129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Los Gatos have sold for 1% more than they did a year ago.
Summary: The median home sold price in West Los Gatos was $2,020,000 in April 2024, up 1% from last year, and the median price per square foot was $1,129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $763K | $582K | -23.7% |
| 2 Bedrooms | $1.4M | $1.4M | -1.7% |
| 3 Bedrooms | $1.9M | $1.7M | -10.3% |
| 4 Bedrooms | $3.0M | $3.0M | +1.6% |
| 5+ Bedrooms | $3.3M | $3.4M | +3.7% |
Summary: West Los Gatos housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.7%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in West Los Gatos, CA
How many homes are available in West Los Gatos, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 42 | +55.6% |
Summary: The West Los Gatos real estate market had 42 homes for sale in April 2024, a 55.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 6 | 13 | +116.7% |
| 4 Bedrooms | 8 | 14 | +75.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The West Los Gatos housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 116.7%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 13 | +550.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Los Gatos, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in West Los Gatos in April 2024, up by 550.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.
Days on Market for West Los Gatos, CA
How long does it take to sell a home in West Los Gatos, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 10 Days | -33.1% |
Summary: Homes in West Los Gatos had an average of 10 days on market in Apr 2024, down by 33.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Los Gatos are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in West Los Gatos; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.